Property

The Thac Ba Lake National Tourist Area in northern Yen Bai province is to be built on an area of 28,000 ha (not including the lake’s water surface area) and ensure the sustainable development of its advantages, according to its proposed general planning to 2040.

According to southern Dong Nai province’s planning to 2030, Long Khanh city will convert nearly 4,600 ha of agricultural land into non-agricultural land and will implement 586 projects, eight of which are new industrial zones, on a total area of more than 5,000 ha. The province's key economic city has two industrial parks with four FDI projects.

As of the end of September, businesses had been granted extensions on the payment of more than VND78.5 trillion ($3.45 billion) in land leasing fees and taxes under a decree from the government. This helped them boost liquidity and regain financial capacity amid Covid-19. It is expected that extensions on land leasing fees and taxes under the decree will total VND115 trillion ($5.06 billion).

Southern Dong Nai province will need more than VND120 trillion ($5.3 billion) for housing development in the 2021-2025 period, including commercial housing, social housing, and resettlement housing. An estimated VND162 trillion ($7.12 billion) will be needed in the 2026-2030 period.

Real estate remains an attractive investment channel and is expected to further gain in appeal once the Ministry of Construction finishes a Decree on real estate and proposes amendments to the Law on Real Estate Business in order to lessen the difficulties in the sector.

Half of all real estate businesses and contractors affected by Covid-19 have been able to return to regular operations, while about 30 per cent of service businesses and real estate brokers have not been able to return to operations.